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As the crypto industry rides another bull cycle into 2025, there is renewed optimism that decentralized finance, or DeFi, will see a wave of mainstream adoption. ... DeFi protocols are ready to ...
Open protocols can help reform the financial system, says our columnist. But they need to come with safeguards consumers understand.
In December, Injective launched a Testnet for a DeFi trading platform built on top of its layer. [2] In April 2021, the platform raised $10 million in a "party" funding round with participation from billionaire Mark Cuban. [3] In July, Injective underwent a "CosmWasm mainnet" upgrade in order to bring scalable smart contracts to Injective. [4]
In 2025, expect more attention and adoption for Bitcoin from both retail and institutional investors, with new Bitcoin-based exchange-traded funds and investment options allowing more and more ...
The person or entity behind a DeFi protocol may be unknown and may disappear with investors' money. [17] Investor Michael Novogratz has described some DeFi protocols as "Ponzi-like". [14] DeFi has been compared to the initial coin offering craze of 2017, part of a cryptocurrency bubble. Inexperienced investors are at particular risk of losing ...
Uniswap Labs is a software company in the decentralized finance (DeFi) space, founded in 2018 by Hayden Adams. [10]In 2022 Uniswap Labs had raised $165 million, after announcing in 2021 that it was looking to raise between $100 and $200 million and was working with Polychain.
Stellar, or Stellar Lumens (XLM) is a cryptocurrency protocol which allows transactions between any pair of currencies. The Stellar protocol is supported by the nonprofit Stellar Development Foundation (though this organization does not have 501(c)(3) tax-exempt status) [2] [3] which was founded in 2014. The for profit arm, Lightyear.io, was ...
In April 2021, IOHK and the Ethiopia Ministry of Education announced plans for an identity and record-keeping system on Cardano and Atala for the country's five million school pupils. [ 42 ] In 2021, Hoskinson began working with electronic dance music DJ Paul Oakenfold to release an album, Zombie Lobster , on the Cardano blockchain.